12/09/2012
HSBC, Standard Chartered Close to Resolving Iran Claims
A Senate committee said in July that failures in London- based HSBC’s money-laundering controls allowed terrorists and drug cartels access to the U.S. financial system.
Legal,Regulation,Tax & Compliance
12/05/2012
Withers hires BLP wealth planning partner in Singapore
Withers has hired partner Simon Michaels from Berwin Leighton Paisner for its wealth planning practice in Singapore
12/05/2012
Ex-Deutsche Bank staff say bank hid $12bn losses
Three former Deutsche Bank employees have filed complaints with the US securities regulators claiming the bank failed to recognize up to $12 billion (£7.46 billion) of unrealised losses during the financial crisis.
12/05/2012
Swiss banking: Treaty to crackdown on Britain’s tax evaders
It is the largest tax-evasion settlement in history, according to George Osborne,
12/05/2012
Tax avoidance targeted by European Union
Some big companies take advantage of these loopholes to avoid paying millions of euros in tax
12/04/2012
Stephenson Harwood files £200m SFO damages claim for Tchenguiz Family Trust
The SFO has instructed 5 Essex Court silk Jeremy Johnson QC to defend a £200m damages claim brought by businessman Vincent Tchenguiz.
12/04/2012
FSA to appoint administrators to oversee Libor submissions
By making the act of administrating Libor a regulated act, the FSA has proposed removing the British Bankers
12/03/2012
Swiss President Stands Firm On German Tax Deal
Emphasizing that no further concessions are conceivable, Widmer-Schlumpf stressed that Germany and Switzerland have already negotiated a "good and fair treaty,"
12/03/2012
George Osborne targets ‘cowboy’ tax advisers and their schemes to shelter wealth
Laws planned next year will also increase the range of information they must pass on to the Revenue team dealing with loopholes.
12/03/2012
International Tax Law Firm receives top tier ranking
This is the latest honor for the legal boutique firm, which was also recently awarded the 2012 Corporate Intl Magazine Global Award for the “Cross Border Law, Firm of the Year” in Florida.
12/02/2012
Brazilian heiress files suit to overturn Merrill ruling
Lawyers for de Kassin filed a complaint on Thursday in a Manhattan federal court asking a judge to overturn parts of the ruling.
12/02/2012
France Sexy No More for Entrepreneurs Escaping Hollande
France looks more like an old maid to me
12/02/2012
China's Huaxia Bank says rogue employee sold troubled wealth product
China's Huaxia Bank Co Ltd has blamed an employee at a Shanghai branch for selling a wealth management product without permission, after Chinese media said the product could not repay investors.
12/02/2012
Adoboli’s Ex-Manager Sues UBS Saying Firing Was Race Bias
He was UBS’s head of European cash trading, alleges race discrimination and unfair dismissal in a lawsuit filed in June at a London employment tribunal
12/02/2012
Third time unlucky for UBS
UBS faces a third FSA investigation in four years, this time for Libor. A record-breaking fine is coming its way…
12/02/2012
Swiss President Stands Firm On German Tax Deal
Widmer-Schlumpf warned that there is either this treaty or no accord
12/02/2012
Looking after the family silver - Asian style
These two cases illustrate well how important it is for successful and wealthy businessmen to have a clear and robust succession plan that lays out how their own personal wealth is to be divided, when the time arises.
12/02/2012
FSA issues warning over 'rare earth' metals investments
An increasing number of people are being approached by firms promoting investments in rare earth metals and related schemes.
11/29/2012
UK government rejects calls for British version of FATCA
Magazine claims draft legislation exists already
11/29/2012
UniCredit unit offices raided in probe
The raids, at the behest of Frankfurt prosecutors, were carried out by 60 police, tax inspectors and federal criminal investigators. Eight people were being investigated on suspicion of deliberate tax evasion.